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HomeNewsCardano Launches First Mainnet Version of Hydra, Scaling to 1M TPS -...

Cardano Launches First Mainnet Version of Hydra, Scaling to 1M TPS – Is ADA Price Poised to Explode?

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  • The Cardano team has launched the first functional mainnet version of Hydra, the mass scaling solution for the ADA ecosystem, which aims to enable millions of transactions per second and pave the way for mass adoption of Cardano.
  • Hydra is a Layer 2 scaling solution that bundles and processes ADA transactions before sending them back to Layer 1. The Hydra heads increase the scalability of the network, and validators can manage each head with their own hardware, creating an international and decentralized network.
  • The Cardano team has also made progress in interoperability with other ecosystems, including successfully connecting the Djed stablecoin with the Ethereum network and launching a test version for cBTC, a Bitcoin token for Cardano.

Cardano Launches First Functional Hydra Version

The Cardano team has achieved two important milestones recently. They have released the first functional mainnet version for Hydra, which is the most significant scaling solution for the ADA ecosystem. The goal of the Hydra team is to enable several million transactions per second, paving the way for mass adoption of Cardano.

How Does Hydra for Cardano Work?

Hydra is a Layer 2 scaling solution that bundles and processes ADA transactions before sending them back to Layer 1. Each Hydra head linearly increases the scalability of the network. Furthermore, validators can manage each head with their own hardware, creating an international and decentralized network.

Hydra does not involve a hard fork, unlike previous updates such as Vasil. The Cardano team develops the feature gradually as more heads are added, allowing the network to grow like the mythical Greek figure.

Cardano Interoperability with Other Ecosystems

The Cardano team is not only working on developing their network but also on connecting the ADA ecosystem with other ecosystems. Recently, they launched a test version for cBTC, a Bitcoin token for Cardano. They have also made progress in connecting Cardano with its biggest competitor, Ethereum, through the Milkomeda C1 Sidechain.

The Djed stablecoin team and Milkomeda have successfully implemented the Djed stablecoin protocol on the Milkomeda network. Developers can interact with the stablecoin’s protocol directly using Ethereum-specific smart contract programming language Solidity. This integration allows both ecosystems to benefit from each other’s liquidity and development opportunities.

Goals for Hydra’s Next Upgrade

The Hydra team recently held their Monthly review meeting and drafted a report. They added the spec into the repository and website, addressed a user issue, fixed the TUI peer list, and conducted a Twitter space on Auctions use cases. Their goals for next week include releasing version 0.10.0, implementing timed transactions support, writing a Query API ADR, and grooming work items like off-chain benchmarks.

In conclusion, the launch of the first functional Hydra version is a significant milestone for Cardano and brings the network closer to mass adoption. The progress in interoperability with other ecosystems also demonstrates Cardano’s commitment to collaboration and development.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628
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